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What is Blockchain? How Elections on Blockchain work? - Bitcoin - Dhruv RatheeIndia's central bank is weighing CBDC privacy technology and crypto tax is not part of its domain, a senior official told CoinDesk. Individuals and entities are allowed to hold, invest in, and transact VDAs, as long as they abide by existing laws. Banks and other RBI-regulated entities must. While still reluctant to legitimize cryptocurrencies fully, India has generally accepted blockchain technology.